Highway Holdings Ltd. (Hong Kong SAR, China)

The Company is a fully integrated manufacturer of high-quality metal, plastic, electric and electronic components, subassemblies and finished products for OEMs and contract manufacturers (primarily in Europe, Asia, and to a lesser extent, in the United States).
The Company manufactures and supplies a wide variety of high-quality metal, plastic and electric parts, components and products to its OEM clients, which assemblies and components are used by the Company's customers in the manufacturing of products such as photocopiers, laser printers, print cartridges, electrical connectors, electrical circuits, vacuum cleaners, LED power supplies, stepping motors, pumps for dishwashers, and other washing machine components. As part of its manufacturing operations, the Company assists customers in the design and development of the tooling used in the metal and plastic manufacturing process and provides a broad array of other manufacturing and engineering services. The manufacturing services include metal stamping, screen printing, plastic injection molding, pad printing and electronic assembly of printed circuit boards. Because it is able to provide these services, the Company eliminates the need to outsource these needed functions, and the Company is better able to assure product quality, control overall manufacturing costs and provide timely product delivery, all of which management believes is essential to maintaining, expanding and increasing the Company's customer base.
The Company's sales are generated from customers primarily located in Hong Kong/China, Europe, the United States/Mexico, and other Asian countries. Net sales to customers by geographic area are determined by reference to the physical locations of the Company's customers.
The Company currently has two business and reporting segments, consisting of its metal stamping and mechanical OEM operations, and its electric OEM operations (that include its plastic operations).
HISTORY
1990 The Company began its operations in 1990 in Hong Kong as a metal stamping company.
1991 The Company transferred the metal stamping operations to a factory in Long Hua, Shenzhen, China. It began a camera manufacturing business by acquiring the Hi-Lite Camera Company, a Hong Kong camera company.
1996 The Company's Common Shares traded on the Nasdaq Capital Market under the symbol “HIHO” and are not listed for trading in any trading market outside the United States
1997 The Company purchased substantially all the assets of Kienzle Uhrenfabrik GmbH (“Kienzle Uhren”), a clock and watch manufacturer that traces its origin back to 1822 in Germany, that was at the time in receivership. The purchase included the trademark to the “Kienzle” name and the equipment, machinery, tools, patents and furniture and office equipment of Kienzle Uhren.
2006 On September 19, 2006 the Company acquired 100 equity interest in Golden Bright Plastic Manufacturing Company Limited ( Golden Bright ). Golden Bright, a company incorporated in Hong Kong, is participated in the manufacturing and trading of plastic injection products.
2011 In May 2011 the Company formed Nissin PRC, a new wholly-owned subsidiary that is now a registered company in the PRC, and transferred its China-based cash, assets, employees and operations to Nissin PRC.
2014 On June 9, 2014, the Company entered into a sale and purchase agreement with Kayser Limited to acquire a 25 equity interest in Kayser Myanmar Manufacturing Co., Ltd. ( Kayser Myanmar ), which is participated in manufacturing and assembling metal, plastics and electronic products.
2016 Since March 31, 2016, all of the Company's operations in China are now conducted by Nissin PRC. As a PRC registered company, Nissin PRC is permitted to hire its own employees, lease its own facilities, and distribute its products in China.